Finland: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Finland

The Finnish compounds of rare-earth metals market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Finland

In value terms, compounds of rare-earth metals production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Finland

In 2022, approx. X tons of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were exported from Finland; falling by X% against the previous year. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, compounds of rare-earth metals exports dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for compounds of rare-earth metals exports from Finland, accounting for a X% share of total exports. It was followed by Turkey (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled X%.

In value terms, Vietnam ($X) emerged as the key foreign market for compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports from Finland, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam amounted to X%.

Export Prices by Country

In 2022, the average compounds of rare-earth metals export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined rapidly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Finland

In 2022, purchases abroad of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals decreased by X% to X tons, falling for the third year in a row after five years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, compounds of rare-earth metals imports totaled $X in 2022. Overall, imports, however, posted a modest expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of compounds of rare-earth metals imports to Finland, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Finland, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X,799 per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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